Arrow Exploration Corp V.AXL

Alternate Symbol(s): CSTPF

Energy Oil & Gas E&P

Arrow Exploration Corp. is a junior oil and gas company engaged in the acquisition, exploration and development of oil and gas properties in Colombia and Western Canada. The Company operates in Colombia via a branch of its wholly owned subsidiary Carrao Energy S.A., with a portfolio of Colombian oil assets that are underexploited and under-explored. It focuses on expanding oil production from Colombia's active basins, including the Llanos, Middle Magdalena Valley (MMV) and Putumayo Basin. Its assets include Tapir Block, Santa Isabel (Oso Pardo), Capella Field, Pepper, and Fir. The Company owns a 50% working interest (WI) in Tapir Block with approximately 65,154 gross acres (32,577 acres net). The Oso Pardo Field is located in the Santa Isabel Block in the MMV Basin. Its 10% interest in the Ombu Block contains the Capella discovery. The Company holds a 100% operated WI in 37 sections of Montney P&NG rights on its Pepper asset in West Central Alberta.

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Arrow Exploration Corp

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Post by Rob0012on May 17, 2024 6:36am

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Post# 36044876

Last NR

In my view, what I like the most from that last NR is the STILL 12.4M$ in cash. This amount has been pretty stable over the last 2 years and that tells me that these guys spend the money carefully. I'm glad they succeed in developing wells and ficing water issues with cash flow only. What was still missing in that NR is an updated production number, which means it is still under pressure, meaning less or just around 3,000 BOED. Better set the expectations properly towards the HZ production capacity. I will be more than happy with a 1,000 BOED rate. Malcy has no credibility with me. No offense EHL.
Rob

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Advancing flagship Ishkõday Gold Project in Ontario